Nipate
Forum => Kenya Discussion => Topic started by: RV Pundit on September 26, 2014, 10:12:04 AM
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Kenya to become middle income. Look like we need another vision.
http://www.nation.co.ke/business/Kenya-joins-middle-income-economy-status-on-Tuesday/-/996/2465256/-/880adn/-/index.html
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Did they cook those figures? Yet to be communicated on the international front.
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It will be on Tuesday when they make it official. Kenya will join Ghana as amongst the newly minted Middle Income Nation if you get the joke....per capita will still be 1,000 dollars per annum.
Did they cook those figures? Yet to be communicated on the international front.
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Statistics are like bikini, they reveal everything but the vitals.
I have never forgotten that handwritten quote off a Statistics book, the first I borrowed from our college library
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It will be on Tuesday when they make it official. Kenya will join Ghana as amongst the newly minted Middle Income Nation if you get the joke....per capita will still be 1,000 dollars per annum.
Did they cook those figures? Yet to be communicated on the international front.
Veritas and RVP,
Ahah, according to certain professors (what is it with some of these professors? When put in charge of critical assignments they end up performing worse than their students with first degrees!), you may attain middle income status by several methods: good old fashioned economic growth which raises incomes, but it is too slow and politically unfruitful; re-defining how it is determined within your borders; boosting the income statistics; or by simply projecting what the per capita income will be once anticipated oil money hits the streets in a few years. Depending on where you stand and how authoritatively you can sell your pathological verbal diarrhoea, you can perform miracles and achieve Vision 2030 on a selected date and time. That way, you allow the government room to come up with another secretariat with a captivating slogan like Vision 2035 (Developed Nation Status) and thus get another homeboy into a job. It is actually smart.
Sketie
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I disagree that gov is cooking figures (give IMF and WB are involved);
Veritas and RVP,
Ahah, according to certain professors (what is it with some of these professors? When put in charge of critical assignments they end up performing worse than their students with first degrees!), you may attain middle income status by several methods: good old fashioned economic growth which raises incomes, but it is too slow and politically unfruitful; re-defining how it is determined within your borders; boosting the income statistics; or by simply projecting what the per capita income will be once anticipated oil money hits the streets in a few years. Depending on where you stand and how authoritatively you can sell your pathological verbal diarrhoea, you can perform miracles and achieve Vision 2030 on a selected date and time. That way, you allow the government room to come up with another secretariat with a captivating slogan like Vision 2035 (Developed Nation Status) and thus get another homeboy into a job. It is actually smart.
Sketie
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Good for the country, but not necessarily the common man. We just need to empower devolution more for the ordinary citizen to benefit.
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Did they cook those figures? Yet to be communicated on the international front.
No, i think it is something called rebasing. Nigeria did the same a while back and outpaced South Africa as the biggest economy in the continent. Kenya will be somewhere around the fourth.
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Maybe in sub sahara africa otherwise nigeria, south africa, egypt, algeria,angola,morroco ,libya and sudan...will have more GDP than our rebased GDP.
Kenya will be somewhere around the fourth.
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You may disagree they're cooking figures, but it doesn't change the fact there's no such thing as "middle income" economy. There are developing and developed economies. Ghana is certainly not a benchmark for economy related matters as is a poster nation for right wing conservatism.
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Kenya last time I checked plummeted to the bottom 5 after investors fled and with rising insecurity. Unless Uhuru is minting fake money or money laundering, stealing drug money, that inflation will come back to haunt.
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These figures mean nothing when the standard of education has fallen below 1970s. I am a product of public schools, and I can vouch that it was OK. These days, am not sure... We are headed for a 2-class system - haves and have nots.
Maybe in sub sahara africa otherwise nigeria, south africa, egypt, algeria,angola,morroco ,libya and sudan...will have more GDP than our rebased GDP.
Kenya will be somewhere around the fourth.
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Where's PK when you need him? Some of us need this explained mdogo-mdogo in layman's tongue---what the hell are they going on about? What does it mean? Are we richer than we thought we were? What's the significance? Thanks.
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It's political rhetoric cooked up by the media in anticipation of Uhuru's reception abroad. They didn't mention legit economic terms and figures in that piece.
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Until we get fundamentals right. Kenya's just screwed up. The way folks just speculate on ever-appreciating land while banks charge an arm and a leg for mortgage. Banks borrow abroad and lend govt. You wonder why this can't be fixed until you realize who owns the banks.
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It's political rhetoric cooked up by the media in anticipation of Uhuru's reception abroad. They didn't mention legit economic terms and figures in that piece.
Middle income status is a lifestyle change, not a statistical MIS-take. If it were, then Zimbabwe could get out of its troubles by simply changing the formulae for calculating GDP.
Sketie